heyenlogo.gif (34268 bytes) 

206 Acres

                   

ACRES:    206 acres, more or less.  To be determined by new survey at time of sale – Seller’s cost.

LOCATION:     1.6 miles east of the Hondo city limits, north side of State Hwy. 90 with frontage on Hwy. 90 and CR 4526 on the east side of said property, Medina County, Texas.

PRICE:     $3,181,500.00.   Reduced to $2,600,000.00

TERMS:    Cash to Seller or third party financing.  Broker can assist in obtaining third party financing.

WATER:    Two irrigation wells, nice reservoir and 311 acre fee, more or less, of base water rights to convey with the sale.

MINERALS:    Believed to own 100% minerals, royalty and executive rights.   Seller would like to retain a ½ non-participating royalty interest –   negotiable.  Exact conveyance to be determined at time of new title commitment.

IMPROVEMENTS:      Majority of property is irrigated farm land with two Edwards  irrigation wells – only one being used, second well needs some engine work.  There is 311 acre feet, more or less, of base water rights to convey with sale.  The moratorium on the base water rights has recently been lifted and can possibly be changed into industrial.  It is Buyers responsibility to change base water rights to unrestricted and to be approved by the Edwards Aquifer Authority.  Older home and barns are also on the property with little value.

REMARKS:   This property has a railroad as the southern boundary, running parallel east and west with Hwy. 90.  A railroad spur can probably be acquired to run within property.  Excellent  property location for commercial business being light industrial or possible residential subdivision. 

Back to the Main Page | Back to the Medina County Listings
WE SPECIALIZE IN RANCH SALES, AND ALSO HAVE NUMEROUS RESIDENTIAL AND COMMERCIAL LISTINGS.
 
 

Feel free to call us anytime at (830)426-4333 or

Email us at bobheyenrealty@sbcglobal.net

 

This page designed and maintained by Kimberly Heyen
This Site Hosted by Muchoweb